Roblox shares have dropped by 20% as the platform’s daily active users fell short of projections, despite record revenues.

Roblox stock plunged as much as 20% on Thursday after it reported mixed fourth-quarter earnings. The company reported a decline in daily active users, which sparked growth fears among investors.

The gaming company’s fourth quarter earnings report has investors fearing that the platform’s growth is slowing after years of progress. Roblox shares dropped as much as 20% on Thursday after the ...